13 C.F.R. § 107.140 SBA approval of initial Management Expenses.
Title 13 - Business Credit and Assistance
If you plan to obtain Leverage, you must have your Management Expenses approved by SBA at the time of licensing. (See §107.520 for the definition of Management Expenses.)
Title 13: Business Credit and Assistance
PART 107—SMALL BUSINESS INVESTMENT COMPANIES
Subpart C—Qualifying for an SBIC License
Organizing an SBIC
§ 107.140 SBA approval of initial Management Expenses.
